Housing Market Shows Signs of Rebound as Mortgage Rates Fall

Pending home sales declined the least in over a year in late 2022, suggesting a rebound in the housing market.

Mortgage rates have fallen from their peaks in October 2022, helping affordability.

Home prices continue rising due to low inventory and strong competition between buyers.

There are positive signs like more new listings coming on the market.

Experts say lower mortgage rates sparked more interest in homes, though sales still declined in November 2022.